MIRA INFORM REPORT

Report No. :	507571
Report Date :	07.05.2018

IDENTIFICATION DETAILS

Name :	VIKRAM INDIA LIMITED
Formerly Known As :	VIKRAM FORGINGS AND ALLIED INDUSTRIES PRIVATE LIMITED
Registered Office :	Tabacco House, 4^th Floor, 1 Old Court House Corner, Kolkata -700001, West Bengal
Tel. No.:	91-33-22309072
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	01.01.1980
Com. Reg. No.:	21-032447
Capital Investment / Paid-up Capital :	INR 68.700 Million
CIN No.: [Company Identification No.]	U29253WB1980PLC032447
IEC No.:	0288013638
GSTIN/UIN:	19AABCV7862P1ZE
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCV7862P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The company is engaged in the business of manufacturing and sale of complete range of processing machineries, tools, spare parts and accessories thereof of tea, rice, coconut and other plantation products and is also involved in trading activities. (Registered activity and also confirmed by management)
No. of Employees :	85 (Approximately)

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1980 having satisfactory track record. It is engaged as The company is engaged in the business of manufacturing and sale of complete range of processing machineries, tools, spare parts and accessories thereof of tea, rice, coconut and other plantation products and is also involved in trading activities. For the financial year 2017, the company has achieved decent growth of 12.45% as compared to its previous year along with average profit margin of 1.38% during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and low gearing position. Rating continue to derive strength from its long and established track record of its business operations backed by its well experienced management team. However, these strengths are partially offset by working capital-intensive operations, susceptibility to demand from end user industries. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions.

NOTES : Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating = BB+
Rating Explanation	Moderate risk of default
Date	27.06.2017
Rating Agency Name	CRISIL
Rating	Short Term Rating = A4+
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	27.06.2017

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 07.05.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION PARTED BY

Name :	Mr. Manoj Singhania
Designation :	General Manager in Accounting and Finance
Contact No.:	91-33-22309072
Date :	05.05.2018

Note : Tel No : 91-33-39835555/ 39835519/ 29 (Number is not working)

LOCATIONS

Registered Office :	Tabacco House, 4^th Floor, 1 Old Court House Corner, Kolkata -700001, West Bengal, India
Tel. No.:	91-33-22309072
Mobile No.:	91-9830037626/22307299 (Mr. Subir)
Fax No.:	Not Available
E-Mail :	dagarwal@vikram.in info@vikram.in sales@vikram.in
Website :	http://www.vikramindia.in
Factory 1 :	Village Jaladhulaguri, N.D.T. Complex, New Karala, P.O. Dhulaguri P.S. Sankarail, District Howrah -711302, West Bengal, India
Factory 2 :	122/94, J.N. Mukherjee Road, Ghusuri, Dist. Howrah - 711 107 West Bengal, India
Tel. No.:	91-33-26555685
Fax No.:	91-33-26551418
Regional Offices :	Located at: · Siliguri · Tinsukia · Coonoor

DIRECTORS

AS ON 31.03.2018

Name :

Mr. Gyanesh Chaudhary

Designation :

Director

Address :

6b, Shree Ram Garden 15, Belvedre Road Kolkata 700027, West Bengal, India

Date of Birth/Age :

04.12.1977

Qualification :

Business Graduate

Date of Appointment :

07.08.1999

PAN No.:

ACRPC8772A

DIN No.:

00060387

Other Directorship :

CIN/FCRN	Company Name	Begin Date
L65993WB1982PLC035564	VIKRAM FINANCIAL SERVICES LTD	03/08/2010
L67120WB1981PLC034413	VIKRAM CAPITAL MANAGEMENT LTD	30/09/2015
U18100WB2005PTC106448	VIKRAM SOLAR PRIVATE LIMITED	28/09/2011
U40102WB2012PTC175725	VIKRAM POWER VENTURES PRIVATE LIMITED	14/03/2012
U45400WB2011PTC166718	VIKRAM SOLAR PROJECTS PRIVATE LIMITED	24/08/2011
U51109WB1994PTC062145	MONOLINK TREXIM PVT. LTD.	21/05/2013
U74899WB1993PTC111351	VIKRAM INTERNATIONAL PVT LTD	29/09/2012
U74900WB1994PTC066235	PANCHANAN MERCHANTS PVT LTD	30/08/2011
U74999WB2011PTC168372	AV SOLAR PRIVATE LIMITED	03/10/2011

Name :

Mr. Anil Harikishan Chaudhary

Designation :

Director

Address :

268/270, Gidc Pandesara, Surat-394210, Gujarat, India

Date of Appointment :

28.09.1995

DIN No.:

00897159

Other Directorship :

CIN/FCRN	Company Name	Begin Date
L65993WB1982PLC035564	VIKRAM FINANCIAL SERVICES LTD	16/08/2010
L67120WB1981PLC034413	VIKRAM CAPITAL MANAGEMENT LTD	30/09/2015
U01119WB1993PLC060113	VIKRAM GREENTECH (INDIA) LTD	28/09/1995
U17119GJ1991PTC016081	SWARAJ SYNTEX PRIVATE LIMITED	10/09/2012
U17120MH1999PTC118018	MARUTI TEXTILES PRIVATE LIMITED	15/03/2002
U17239GJ1987PTC009851	PIONEER SYNTEX PRIVATE LIMITED	26/04/2012
U18100WB2005PTC106448	VIKRAM SOLAR PRIVATE LIMITED	14/07/2008
U25209GJ2010PTC063005	PIONEER PERSONALCARE PRODUCTS PRIVATE LIMITED	31/12/2011
U27104WB1988PTC044193	VIKRAM POLYESTERS PRIVATE LIMITED	02/08/2004

Name :

Mr. Hari Krishna Chaudhary

Designation :

Managing Director

Address :

Shree Ram Garden 15, Belvedre Road, Kolkata-700027, West Bengal, India

Date of Birth/Age :

04.12.1943

Qualification :

Graduate

Date of Appointment :

01.01.1980

PAN No.:

ACMPC5346H

DIN No.:

01744503

Other Directorship :

CIN/FCRN	Company Name	Begin Date
L67120WB1981PLC034413	VIKRAM CAPITAL MANAGEMENT LTD	17/10/1995
U01119WB1993PLC060113	VIKRAM GREENTECH (INDIA) LTD	15/09/1993
U18100WB2005PTC106448	VIKRAM SOLAR PRIVATE LIMITED	14/07/2008
U40102WB2012PTC175725	VIKRAM POWER VENTURES PRIVATE LIMITED	14/03/2012
U51900WB2013PTC190946	ADISHAKTI TREXIM PRIVATE LIMITED	26/02/2013
U74899WB1993PTC111351	VIKRAM INTERNATIONAL PVT LTD	30/04/2008
U74900WB2013PTC190080	BAHAL POWER PROJECTS PRIVATE LIMITED	24/01/2013
U74900WB2013PTC190082	SOLOLINK SOLAR POWER PRIVATE LIMITED	24/01/2013
U74900WB2013PTC190138	BRCM POWER INFRASTRUCTURES PRIVATE LIMITED	28/01/2013

Name :

Mr. Ulpi Gupta

Designation :

Director

Address :

Diamond City North Block-9 Flat-3b,68 Jessore Road., Kolkata-700055, West Bengal, India

Date of Birth/Age :

15.03.1979

Qualification :

Chartered Accountant

Date of Appointment :

30.09.2015

PAN No.:

AAAPG8116K

DIN No.:

06591591

Other Directorship :

CIN/FCRN	Company Name	Begin Date
L65993WB1982PLC035564	VIKRAM FINANCIAL SERVICES LTD	21/05/2013
L67120WB1981PLC034413	VIKRAM CAPITAL MANAGEMENT LTD	21/05/2013
U01119WB1993PLC060113	VIKRAM GREENTECH (INDIA) LTD	16/08/2013
U27310WB1990PTC048841	EXCEL TEA MACHINERY PRIVATE LIMITED	21/05/2013
U40101MH2010PTC206540	KONARK GUJARAT PV PRIVATE LIMITED	29/09/2015
U45200MH2008PTC177455	KONARK INFRATECH PRIVATE LIMITED	29/09/2014
U51109WB1994PTC062145	MONOLINK TREXIM PVT. LTD.	21/05/2013
U74899WB1993PTC111351	VIKRAM INTERNATIONAL PVT LTD	30/09/2016

Name :

Mr. Raj Kumar Tripathi

Designation :

Director

Address :

2-C, Golden Avenue, B/H Sarjan Society Opposite, Navkar Navpad, City Light Road, Surat – 395007, Gujarat, India

Date of Appointment :

22.09.2017

DIN No.:

02782475

Other Directorship:

CIN/FCRN	Company name	Begin date	End date
U27104WB1988PTC044193	VIKRAM POLYESTERS PRIVATE LIMITED	24/08/2009	-
U01119WB1993PLC060113	VIKRAM GREENTECH (INDIA) LTD	23/09/2017	-

Name :

Mr. Pradip Kumar Agarwal

Designation :

Director

Address :

South City Gardens Flat-7k, Tower-2 61 B.L Saha Road, Nshm College New, Alipo Re, Kolkata – 700053, West Bengal, India

Date of Appointment :

16.10.2017

DIN No.:

07959939

KEY EXECUTIVES

Name :	Mr. Vinita Agarwal
Designation :	Company Secretary
Address :	46, Aligol Mahal, Sadar Bazar 24 Parganas(N), Barrackpore, Kolkata – 700120, West Bengal, India
Date of Appointment :	01.03.2017
PAN No.:	AVGPA7984A

Name :	Mr. Manoj Singhania
Designation :	General Manager in Accounting and Finance

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares
Hari Krishna Chaudhary	34517
Urmila Devi Chaudhary	49390
Anil Chaudhary	2172
Nilam Chaudhary	46850
Gyanesh Chaudhary	42108
Meenakh Chaudhary	48942
Hari Krishna Chaudhary and Sons HUF	84034
Anil Chaudhary and Sons HUF	35818
Vikram Capital Management Limited	41332
Swaraj Vikram Chaudhary	49200
Saumyaa	39833
Agastya Vikram Chaudhary	12100
Yashvi Chaudhary	8700
Monolink Trexim Private Limited	67000
Panchants Merchants Private Limited	125000
Total	686996

Equity Share Break up (Percentage of Total Equity)

AS ON 22.09.2017

Category	Percentage
Promoters- Individual/Hindu Undivided Family- Indian	66.04
Promoters- Body corporate	33.96
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in the business of manufacturing and sale of complete range of processing machineries, tools, spare parts and accessories thereof of tea, rice, coconut and other plantation products and is also involved in trading activities. (Registered activity and also confirmed by management)

Products / Services :

Description of main products / services	NIC Code
Tea Leaf Cutting and Rolling Machines	84388040

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Tea Making Machinery

Countries :

• Kenya
• China
• Nepal
• Sri Lanka

Imports :

Not Available

Terms :

Selling :

L/C, Cheque and Credit (30/60/90 Days)

Purchasing :

L/C, Cheque and Credit (30/60/90 Days)

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

· Gupta Electrical Company

Reference :	Pavati Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

End Users, OEM’s, Manufacturer

Reference :	Plantation Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

· McLeod Russel, India

· Tata Tea group

· Amalgamated Plantations, India

· Unilever Group, Worldwide

· Goodricke Group, India

· Duncan Brothers, Bangladesh

No. of Employees :

85 (Approximately)

Bankers :

Banker Name :	Canara Bank
Branch :	Princep Street Branch,5, Chowringhee Approach Road, Dharmatala Post, Kolkata-700072, West Bengal, India
Person Name (With Designation) :	--
Contact Number :	91-33-22346239(Not Working) 91-1800-425-0018(Toll free number)
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Facilities :

(INR In Million)

SECURED LOAN	As on 31.03.2017	As on 31.03.2016
LONG TERM BORROWING
Term loans	21.993	40.815
SHORT TERM BORROWING
Working capital loans from banks	188.118	193.416
Total	210.111	234.231

Auditors :
Name :	Rustagi and Company Chartered Accountants
Address :	19 R. N. Mukherjee Eastern Building, 1^st Floor, Kolkata-700001, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAUFS1566M
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned have significant influence of or are partners with Key management personnel and their relatives:	· Excel Tea Machinery Private Limited – [U27310WB1990PTC048841] · Vikram Solar Limited – [U18100WB2005PLC106448]

CAPITAL STRUCTURE

AS ON 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
800000	Equity Shares	INR 100/- each	INR 80.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
686996	Equity Shares	INR 100/- each	INR 68.700 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	68.700	56.200	56.200
(b) Reserves and Surplus	221.175	168.922	142.504
(c) Money received against share warrants	0.000	0.000	0.000
(d) Minority interest	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	289.875	225.122	198.704
(3) Non-Current Liabilities
(a) long-term borrowings	443.963	404.407	360.530
(b) Deferred tax liabilities (Net)	12.186	10.173	7.633
(c) Other long-term liabilities	3.257	1.296	0.958
(d) long-term provisions	15.778	13.487	11.034
Total Non-current Liabilities (3)	475.184	429.363	380.155
(4) Current Liabilities
(a) Short-term borrowings	188.118	193.416	192.836
(b) Trade payables	333.503	142.295	159.903
(c) Other current liabilities	54.489	62.364	72.996
(d) Short-term provisions	0.312	1.562	3.834
Total Current Liabilities (4)	576.422	399.637	429.569
TOTAL	1341.481	1054.122	1008.428
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	384.394	331.796	323.867
(ii) Intangible Assets	2.674	3.287	3.184
(iii) Tangible assets capital work-in-progress	33.310	19.129	13.817
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	10.059	10.059	12.593
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term loans and advances	17.092	12.463	9.561
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	447.529	376.734	363.022
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	509.835	413.281	361.982
(c) Trade receivables	248.940	204.519	174.835
(d) Cash and bank balances	59.001	17.892	45.752
(e) Short-term loans and advances	63.901	36.049	51.865
(f) Other current assets	12.275	5.647	10.972
Total Current Assets	893.952	677.388	645.406
TOTAL	1341.481	1054.122	1008.428

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Total Revenue from operations	1069.237	841.643	847.795
	Other Income	0.919	27.625	3.350
	TOTAL	1070.156	869.268	851.145
		(Due to Increase order)
Less	EXPENSES
	Cost of Materials Consumed	782.451	596.287	580.056
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(76.204)	(48.681)	(22.639)
	Employee benefit expense	88.885	78.752	71.566
	Other expenses	187.735	147.494	135.244
	TOTAL	982.867	773.852	764.227
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	87.289	95.416	86.918
Less	FINANCIAL EXPENSES	51.456	51.318	55.933
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	35.833	44.098	30.985
Less	DEPRECIATION/ AMORTISATION	16.320	14.425	15.177
	PROFIT/ (LOSS) BEFORE TAX	19.513	29.673	15.808
Less	TAX	4.761	3.255	4.340
	PROFIT/ (LOSS) AFTER TAX	14.752	26.418	11.468
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	322.688	172.105	231.637
	Other Earning	0.000	0.000	0.000
	TOTAL EARNINGS	322.688	172.105	231.637
	IMPORTS
	Raw Materials	0.970	1.140	0.000
	TOTAL IMPORTS	0.970	1.140	0.000
	Earnings / (Loss) Per Share (INR)	21.47	47.00	20.40

The above information has been parted by Mr. Manoj Singhania (General Manager in Accounting and Finance)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	19.088	33.709	34.090
Cash generated from operations	111.977	(11.878)	62.357
Net cash flows from (used in) operations	104.779	(18.199)	59.104

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	84.98	88.69	75.27
Account Receivables Turnover (Income / Sundry Debtors)	4.30	4.12	4.85
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	155.57	87.10	100.62
Inventory Turnover (Operating Income / Inventories)	0.17	0.23	0.24
Asset Turnover (Operating Income / Net Fixed Assets)	0.21	0.27	0.25

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.77	0.79	0.82
Debt Equity Ratio (Total Liability / Networth)	2.25	2.81	2.96
Current Liabilities to Networth (Current Liabilities / Net Worth)	1.99	1.78	2.16
Fixed Assets to Networth (Net Fixed Assets / Networth)	1.45	1.57	1.72
Interest Coverage Ratio (PBIT / Financial Charges)	1.70	1.86	1.55

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	1.38	3.14	1.35
Return on Total Assets ((PAT / Total Assets) * 100)	%	1.10	2.51	1.14
Return on Investment (ROI) ((PAT / Networth) * 100)	%	5.09	11.73	5.77

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.55	1.70	1.50
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.67	0.66	0.66
G-Score Ratio Financial (Networth / Total Assets)	0.22	0.21	0.20
G-Score Ratio Debt (Debts / Equity Capital)	9.48	11.24	10.45
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.55	1.70	1.50

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	56.200	56.200	68.700
Reserves & Surplus	142.504	168.922	221.175
Net worth	198.704	225.122	289.875
Long-term borrowings	360.530	404.407	443.963
Short term borrowings	192.836	193.416	188.118
Current maturities of long-term debts	34.090	33.709	19.088
Total borrowings	587.456	631.532	651.169
Debt/Equity ratio	2.956	2.805	2.246

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	847.795	841.643	1069.237
		(0.726)	27.042

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	847.795	841.643	1069.237
Profit/ (Loss)	11.468	26.418	14.752
	1.35 %	3.14 %	1.38 %

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	No
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

CORPORATE INFORMATION

The company having corporate and registered office at Kolkata is engaged in the business of manufacturing and sale of complete range of processing machineries, tools, spare parts and accessories thereof of tea, rice, coconut and other plantation products and is also involved in trading activities. The company has got three manufacturing facilities in Howrah near Kolkata

PERFORMANCE:

The Board of Director presented the accounts of the Company and discussed the activities carried on by the Company during the year. The Company’s total revenue during the financial year ending 31st March, 2017 increased by 23.01% i.e. from INR 1070.200 Million as compared to INR 869.300 Million in the previous year. The Company has set up a new manufacturing unit of Module Mounting Structure with an installed capacity of 27000 MT per annum and started commercial production since November 2016. The Company has achieved INR 185.900 Million turnover from MMS division in previous year. This was mainly on account of improvement in marketing and research development activities undertaken by the Company during the year.

STATE OF COMPANY’S AFFAIRS:

The present state of the Company’s affairs is progressive enough viz-a-viz the industry and there is no other development which could result in an adverse situation for the Company in the near future. There is neither any change in the nature of business of the company.

UNSECURED LOANS:

Particulars	31.03.2017 INR In Million	31.03.2016 INR In Million
LONG TERM BORROWINGS
Loans and advances from related parties	421.970	363.592
Total	421.970	363.592

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	C62419098	10587636	CANARA BANK	22/07/2015	-	-	920000.0	PRINCEP STREET BRANCH,5, CHOWRINGHEE APPROACH ROAD, DHARMATALA POST, KOLKATA-700072IN
2	C20367587	10519650	STATE BANK OF INDIA	16/07/2014	-	-	233500000.0	COMMERCIAL BRANCH, KOLKATA24, PARK STREET, KOLKATA-700016IN
3	B75644427	10427194	CANARA BANK	26/03/2013	-	-	62187303.0	PRINCEP STREET BRANCHNO.5 CHOWRINGHEE APPROACH ROAD, KOLKATA-700072IN
4	A33842493	10092703	CANARA BANK	10/01/2008	-	-	80000000.0	PRINCEP STREET BRANCH25 PRINCEP STEET, KOLKATA-700072IN
5	G75467621	10052540	CANARA BANK	23/03/2007	27/11/2017	-	539000000.0	PRINCEP STREET BRANCH5, CHOWRINGHEE APROACH ROAD, KOLKATA-711302IN
6	G50512557	10437855	SREI EQUIPMENT FINANCE PRIVATE LIMITED	08/06/2013	-	05/08/2017	50000000.0	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA-700046IN

FIXED ASSETS:

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	INR
US Dollar	1	INR 66.77
UK Pound	1	INR 90.58
Euro	1	INR 79.97

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	NIS
Report Prepared by :	TRUP

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.